DDR reports H1 2023 financial and operational performance update till June 30

Dicker Data (ASX: DDR) provides an update on its earnings and operational trading performance for H1 2023. Unaudited revenue amounted to AU$1,596m, showing a robust 9.4% increase.  The DAS business unit contributed AU$73m in revenue for the first half, with the addition of new vendors in this segment. As forecasted, the DAS unit achieved a profitable Q2 FY23, benefiting from cost synergies and accelerated top-line growth, positioning it well for future growth.

Despite a decline in demand for personal computing devices, the Company capitalized on the demand for networking, storage products, software, access, and surveillance business, leveraging its diverse portfolio. The gross profit for the half year increased significantly to 9.4% compared to 8.8% in the same period last year. With a strong gross profit contribution, EBITDA grew by 16.4%, reaching AU$71m.

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